________ occurs when a foreign firm sells its exports at a lower price than its cost of production.
A) Tariff avoidance
B) Dumping
C) Rent seeking
D) The trickle-down effect
E) Nontariff barrier protection

Question

Quizplus · Accepted Answer

Dumping occurs when a foreign firm sells its exports at a lower price than its cost of production, which can lead to unfair competition and harm domestic industries.

________ Occurs When a Foreign Firm Sells Its Exports at a Lower